Peoples Bank Mortgage Rates, Fees & Info
Mendenhall, MSLEI: 54930032OCUOR526IR93
Tax ID: 64-0220470
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Peoples Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Peoples Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, San Diego, Los Angeles, Charleston, and Boston among others. We have data for 161 markets. (Some data included below & more in-depth data is available with an active subscription.)Peoples Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Peoples Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.60% | 11/21/24 |
30 Year Conventional Refi | 6.59% | 11/21/24 |
30 Year Cash-out Refi | 6.59% | 11/21/24 |
30 Year FHA Purchase | 7.41% | 11/21/24 |
30 Year FHA Refi | 7.48% | 11/21/24 |
30 Year VA Purchase | 6.38% | 11/21/24 |
30 Year USDA Purchase | 7.10% | 11/21/24 |
15 Year Conventional Purchase | 7.67% | 11/21/24 |
15 Year Conventional Refi | 9.72% | 11/21/24 |
15 Year Cash-out Refi | 9.72% | 11/21/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Peoples Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Peoples Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
463Origination Dollar Volume (All Markets)
$106,815,000Employee count
145 Show all (1) awardsPeoples Bank - 2021
Peoples Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Peoples Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
JACKSON, MS (FHA|USDA|VA) | 76 | $12,360,000 | $162,632 | $3,194 | 4.75% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 9 | $4,085,000 | $453,889 | $11,692 | 3.18% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $3,450,000 | $431,250 | $12,848 | 2.73% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 12 | $3,250,000 | $270,833 | $5,643 | 2.69% |
Outside of Metro Areas | 24 | $3,070,000 | $127,917 | $4,915 | 4.88% |
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $2,540,000 | $423,333 | $16,126 | 3.19% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $10,401 | 3.38% |
HATTIESBURG, MS (FHA|USDA|VA) | 27 | $2,305,000 | $85,370 | $2,266 | 6.63% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,210,000 | $368,333 | $13,230 | 3.25% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $9,633 | 3.29% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $8,238 | 3.35% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,690,000 | $281,667 | $8,869 | 3.37% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $1,580,000 | $395,000 | $11,823 | 2.94% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $6,498 | 3.05% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $9,763 | 3.66% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,485,000 | $297,000 | $9,127 | 3.20% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,295,000 | $431,667 | $10,666 | 3.33% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $8,265 | 3.25% |
MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $6,686 | 3.33% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $11,114 | 3.50% |
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $7,571 | 3.15% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,165,000 | $233,000 | $8,064 | 3.30% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $7,830 | 3.25% |
WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $8,061 | 3.50% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $6,736 | 3.63% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $6,904 | 3.48% |
ASHEVILLE, NC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $6,387 | 3.46% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $8,284 | 3.38% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $3,683 | 3.88% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $9,570 | 3.38% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $11,493 | 2.88% |
RICHMOND, VA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $12,443 | 3.69% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $7,795 | 3.53% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $6,752 | 3.44% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $13,857 | 2.96% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $11,351 | 3.25% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,568 | 3.03% |
Oxford, MS (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $3,029 | 3.32% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $11,301 | 2.75% |
SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $10,262 | 3.44% |
Laurel, MS (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $2,041 | 5.43% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,619 | 5.42% |
LANCASTER, PA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $34,900 | 3.13% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $15,219 | 3.13% |
CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $9,686 | 3.38% |
TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $7,204 | 3.42% |
READING, PA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,459 | 3.44% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,560 | 3.25% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $8,655 | 3.56% |
TUCSON, AZ (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,231 | 3.33% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $10,265 | 3.00% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,144 | 3.13% |
JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $8,763 | 3.56% |
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,514 | 3.00% |
PITTSBURGH, PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $7,702 | 3.42% |
GAINESVILLE, GA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,717 | 3.56% |
RACINE, WI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $10,279 | 2.94% |
SAVANNAH, GA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $8,677 | 2.88% |
TULSA, OK (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,099 | 3.38% |
KNOXVILLE, TN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,096 | 3.25% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,514 | 2.87% |
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $11,551 | 3.50% |
COLUMBIA, SC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $9,468 | 3.00% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $7,747 | 3.63% |
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,705 | 3.31% |
SALEM, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,591 | 3.13% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $10,489 | 2.75% |
SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,917 | 3.25% |
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $13,674 | 3.25% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,068 | 2.88% |
CLEVELAND, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $8,132 | 3.50% |
London, KY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,534 | 2.81% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,919 | 3.13% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $7,214 | 3.56% |
GREELEY, CO (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,927 | 3.75% |
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,830 | 3.44% |
FARGO, ND-MN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $11,353 | 3.38% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,674 | 3.25% |
Gallup, NM (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.50% |
Richmond-Berea, KY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,502 | 3.00% |
TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,089 | 3.63% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,573 | 3.25% |
WENATCHEE, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,434 | 3.13% |
Concord, NH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $11,055 | 2.63% |
WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $12,246 | 3.25% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,650 | 2.50% |
BATON ROUGE, LA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,699 | 2.75% |
Glenwood Springs, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,872 | 3.50% |
FOND DU LAC, WI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,149 | 3.38% |
Rochelle, IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $11,499 | 3.38% |
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,427 | 3.75% |
HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,535 | 3.13% |
SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,934 | 3.00% |
ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,499 | 3.25% |
AKRON, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $8,620 | 3.75% |
Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,275 | 3.75% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,215 | 3.50% |
PUEBLO, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,447 | 3.25% |
FRESNO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,152 | 3.13% |
BELLINGHAM, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,910 | 3.63% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $6,491 | 3.44% |
FORT WAYNE, IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,496 | 2.94% |
Torrington, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $12,023 | 3.00% |
Oak Harbor, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,018 | 3.25% |
BURLINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,572 | 3.13% |
Seneca, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,920 | 3.00% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,237 | 3.13% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,787 | 2.88% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,085 | 3.00% |
Port Angeles, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,444 | 3.63% |
El Campo, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,790 | 3.63% |
Huntsville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,548 | 3.25% |
Stillwater, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,441 | 3.75% |
DOVER, DE (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,560 | 3.50% |
WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,987 | 3.63% |
COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,206 | 4.13% |
Orangeburg, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,054 | 2.50% |
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,248 | 3.25% |
HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,272 | 3.00% |
JOPLIN, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,065 | 3.75% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,973 | 3.25% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,972 | 2.75% |
MONTGOMERY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,083 | 3.63% |
Starkville, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.50% |
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,366 | 3.63% |
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,246 | 3.63% |
Keene, NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,431 | 3.25% |
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.50% |
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,820 | 3.50% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,447 | 3.25% |
Mount Sterling, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,732 | 3.63% |
Columbus, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,904 | 3.75% |
LOUISVILLE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,790 | 3.25% |
SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,236 | 3.50% |
COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,697 | 3.50% |
Greenwood, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,391 | 3.63% |
CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,840 | 3.25% |
MODESTO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,596 | 3.50% |
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,460 | 3.25% |
Lawrenceburg, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,829 | 3.50% |
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,398 | 3.00% |
GREEN BAY, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,437 | 3.75% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,323 | 3.25% |
PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,347 | 2.88% |
ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,286 | 3.25% |
DULUTH, MN-WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,407 | 3.38% |
Elizabeth City, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,899 | 3.50% |
SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,724 | 3.25% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,655 | 3.63% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,345 | 3.63% |
Jacksonville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,425 | 3.63% |
JACKSON, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,788 | 3.25% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,780 | 2.75% |
West Plains, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,434 | 3.00% |
ALBANY, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,709 | 3.25% |
SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,243 | 3.63% |
MOBILE, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,575 | 2.38% |
Selma, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,010 | 3.63% |
Taylorville, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,183 | 3.75% |
Brookhaven, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,194 | 3.13% |
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,008 | 3.13% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Peoples Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 96
Similarity Rank: 305
Similarity Rank: 552
Similarity Rank: 707
Similarity Rank: 1155
Similarity Rank: 1218
Similarity Rank: 1763
Similarity Rank: 1768
Similarity Rank: 1890
Similarity Rank: 1950
Product Mix
For 2021, Peoples Bank's most frequently originated type of loan was FHA, with 248 originations. Their 2nd most popular type was Conventional, with 179 originations.
Loan Reason
For 2021, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.
Loan Duration/Length
For 2021, Peoples Bank's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 59 originations.
Origination Fees/Closing Costs
Peoples Bank's average total fees were $8,231, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 181 originations.
Interest Rates
During 2021, Peoples Bank's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 254 originations.
Loan Sizing
2021 saw Peoples Bank place emphasis on $200k-400k loans with 196 originations, totaling $55,750,000 in origination value.
Applicant Income
Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $50k-75k, with 94 originations.
Applicant Debt to Income Ratio
Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.24%
Peoples Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.38%
Peoples Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 463 | $106,815,000 | $230,702 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 2 | 15.4% |
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 2 | 15.4% |
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 4 | 30.8% |
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 15.4% |
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 3 | 23.1% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Peoples Bank | 129 Center Street Richland, MS 39218 | Full Service B&M | $22,308 |
Peoples Bank | 160 E. Maud Avenue Mendenhall, MS 39114 | Full Service B&M | $150,100 |
Peoples Bank | 165 West Jackson Avenue Mendenhall, MS 39114 | Full Service B&M | $41,153 |
Peoples Bank | 611 Fifth Avenue Magee, MS 39111 | Full Service B&M | $101,808 |
Peoples Bank | 710 Main Street, Suite 30 Collins, MS 39428 | Full Service B&M | $62,378 |
For 2021, Peoples Bank had 5 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $24,036 |
Net interest income | $22,201 |
Total noninterest income | $25,347 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $871 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $24,476 |
Pre-tax net operating income | $22,218 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $22,218 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $22,218 |
Minority interest net income | $0 |
Net income | $22,218 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $22,218 |
Peoples Bank's gross interest income from loans was $24,036,000.
Peoples Bank's net interest income from loans was $22,201,000.
Peoples Bank's fee based income from loans was $871,000.
Peoples Bank's net income from loans was $22,218,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $1,835 |
Provision for credit losses | $674 |
Total noninterest expense | $24,656 |
Salaries and employee benefits | $15,212 |
Premises and equipment expense | $1,478 |
Additional noninterest expense | $7,966 |
Applicable income taxes | $0 |
Net charge-offs | $148 |
Cash dividends | $9,983 |
Peoples Bank's interest expense for loans was $1,835,000.
Peoples Bank's payroll and benefits expense were $15,212,000.
Peoples Bank's property, plant and equipment expenses $1,478,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 3.0% |
Real Estate loans | 4.0% |
Construction & Land Development loans | 1.0% |
Nonfarm, nonresidential loans | 2.0% |
Multifamily residential loans | 65.0% |
1-4 family residential loans | 4.0% |
HELOC loans | 0.0% |
All other family | 4.0% |
Commercial & industrial loans | 2.0% |
Personal loans | 4.0% |
Credit card loans | 0.0% |
Other individual loans | 4.0% |
Auto loans | 2.0% |
Other consumer loans | 4.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $377,892 |
Deposits held in domestic offices | $377,892 |
Deposits by Individuals, partnerships, and corporations | $302,068 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $56,659 |
Deposits by Commercial banks and other depository institutions in U.S. | $19,165 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $197,591 |
Demand deposits | $102,788 |
Nontransaction accounts | $180,301 |
Money market deposit accounts (MMDAs) | $23,685 |
Other savings deposits (excluding MMDAs) | $38,703 |
Total time deposits | $117,913 |
Total time and savings deposits | $275,104 |
Noninterest-bearing deposits | $97,631 |
Interest-bearing deposits | $280,261 |
Retail deposits | $353,283 |
IRAs and Keogh plan accounts | $13,770 |
Brokered deposits | $1,574 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $431,628 |
Cash & Balances due from depository institutions | $58,089 |
Interest-bearing balances | $51,460 |
Total securities | $36,200 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $313,363 |
Loan and leases loss allowance | $4,668 |
Trading account assets | $0 |
Bank premises and fixed assets | $9,407 |
Other real estate owned | $623 |
Goodwill and other intangibles | $3,793 |
All other assets | $10,153 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $431,628 |
Total Liabilities | $380,879 |
Total deposits | $377,892 |
Interest-bearing deposits | $280,261 |
Deposits held in domestic offices | $377,892 |
% insured (estimated) | $72 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $2,324 |
Subordinated debt | $0 |
All other liabilities | $663 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $313,363 |
Loan and leases loss allowance | $4,668 |
Total loans and leases (domestic) | $318,031 |
All real estate loans | $246,367 |
Real estate loans in domestic offices | $246,367 |
Construction and development loans | $21,070 |
Residential 1-4 family construction | $5,808 |
Other construction, all land development and other land | $15,262 |
Loans secured by nonfarm nonresidential properties | $124,772 |
Nonfarm nonresidential secured by owner-occupied properties | $33,990 |
Commercial real estate & other non-farm, non-residential | $90,782 |
Multifamily residential real estate | $3,416 |
1-4 family residential loans | $48,761 |
Farmland loans | $48,348 |
Loans held in foreign offices | $0 |
Farm loans | $5,440 |
Commercial and industrial loans | $50,349 |
To non-U.S. addressees | $0 |
Loans to individuals | $12,057 |
Credit card loans | $0 |
Related Plans | $44 |
Consumer Auto Loans | $2,472 |
Other loans to individuals | $9,541 |
All other loans & leases | $3,848 |
Loans to foreign governments and official institutions | $0 |
Other loans | $2,720 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $0 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $2,539 |
Non 1-4 family restructured loans & leases | $2,461 |
Total loans and leases (foreign) | $0 |
Peoples Bank had $313,363,000 of loans outstanding in 2021. $246,367,000 of loans were in real estate loans. $21,070,000 of loans were in development loans. $3,416,000 of loans were in multifamily mortgage loans. $48,761,000 of loans were in 1-4 family mortgage loans. $5,440,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,472,000 of loans were in the auto loan category.
Small Business Loans
Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
---|---|---|---|
Nonfarm, nonresidential loans - <$1MM | 209 | $31,907 | $152,665 |
Nonfarm, nonresidential loans - <$100k | 78 | $2,849 | $36,526 |
Nonfarm, nonresidential loans - $100-250k | 49 | $5,384 | $109,878 |
Nonfarm, nonresidential loans - $250k-1MM | 82 | $23,674 | $288,707 |
Commercial & Industrial, US addressed loans - <$1MM | 1,013 | $41,779 | $41,243 |
Commercial & Industrial, US addressed loans - <$100k | 865 | $16,082 | $18,592 |
Commercial & Industrial, US addressed loans - $100-250k | 95 | $11,196 | $117,853 |
Commercial & Industrial, US addressed loans - $250k-1MM | 53 | $14,501 | $273,604 |
Farmland loans - <$1MM | 425 | $26,530 | $62,424 |
Farmland loans - <$100k | 291 | $9,449 | $32,471 |
Farmland loans - $100-250k | 95 | $9,067 | $95,442 |
Farmland loans - $250k-1MM | 39 | $8,014 | $205,487 |
Agriculture operations loans - <$1MM | 235 | $5,439 | $23,145 |
Agriculture operations loans - <$100k | 221 | $3,703 | $16,756 |
Agriculture operations loans - $100-250k | 12 | $1,377 | $114,750 |
Agriculture operations loans - $250k-1MM | 2 | $359 | $179,500 |